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is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in this case, we have to p
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
. that promise is rapidly slipping away because our economy is on the wrong track. 170,000 people woke up in our state this morning without a job. we can get our economy back on track if we get our people back to work. i have a plan to do that. i have been there. i've been bankrupt. i've lost everything and i have been able to come back. that's what we need a -- that's what we need to do. the plans my opponent has support in washington has only made things worse. you can look it a path for someone who has created millions of jobs or you can look at the path for someone who's going to push the economy of the fiscal cliff. >> thank you very much and thank you to channel three. i'm looking forward to this morning. i am a product of connecticut possible class. my grandfather worked in the factories of new britain, my mother is a retired schoolteacher. i was raised to believe i need to live my life in a way to stand up for the bill class families of the state that has meant so much to my family. i passed the connecticut stem cell law which is saving lives and putting people to work. i went to congres
before the crisis hit. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. [applause] because of your strength and resilience, the strength and resilience of the american people, we've made too much progress to return to the policies that led to the crisis in the first place. i can't allow that to happen. i won't allow that to happen. and that is why i'm running for a second term as president of the united states! [cheers and applause] i have seen too much pain, seen too much struggle to let this country get hit with another round of top-down economics. one of the main reasons we had this crisis is because big banks on wall street were allowed to make big bets with other people's money and governor romney wants to roll back the rules we put in place to stop that behavior? that's not going to happen. that is not going to happen. [applause] one of the main reasons record surpluses under bill clinton were turned into record deficits under george bush is because
libya, iraq, afghanistan, the economy, taxes, and on and on. and on. now here is reaction from some fox all-stars. plus, the president, even opineed about the veep's performance. >> if you heard it on radio, biden won. if you watch it on television, he lost. >> i think he had a strong debate. but was diminished, was diminished by the smirking. he overdid it. >> it was unattractive, rude and i have a feeling it will come across to a lot of people as rude. looked like a cranky old man to some extent debating a polite young man. >> i don't believe i have ever seen a debate in which one participant was an openly disrespectful of the other, as biden was to paul ryan tonight. >> it's pretty amazing how often he was interrupting and heckling and laughing and smiling and grimacing and grinning. it's like they put joker juice in the water that he had there on the stage. >> he was so rude. he was so toothy. he was so -- >> tooth -- >> -- overdramatic. rolling his eyes. but on the other hand, it's joe biden. >> i thought joe biden did great and i couldn't be prouder of him. >> andrea: surprise, s
of the u.s. housing market. coming up, a discussion on the economy and campaign 2012. the u.s. chamber of commerce and business roundtable. they look at what they see as the most important business issues this election cycle. you can see it live, starting at 8:30 eastern, on c-span 2. today, a look at the obama administration's aid to the auto industry. the former lead adviser on the auto industry will be live, starting at 9:00 a.m. eastern, on c-span 3. this month, as the presidential candidates meet for debate, we are asking middle and high school students to send a message to the presidency. students will answer the question, what is the most important issue the president should consider in 2013? there is a grand prize of $25,000. -- $5,000. for complete details and rules, go online to studentcam.org. >> in a foreign-policy speech, mr. khamenei said that president obama is a passive in the middle east chris it is time to change course in the regent. -- region. foreign policy will be the focus of the third presidential debate on october 22nd. this is 30 minutes. congressman goodlatte
? >> it's me, big with bird. >> big yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about it's sesame street. >> people are criticizing that ad. are they right or wrong? i will decide. later in the program, is this the world's worst wedding ever? >> in the video, you can see officers wield be batons. it was necessary to control the crowd which police say had been drinking. >> that's not even the elbow of the day, although a couple of elbows did fly in that. all right it's go time! ♪ ♪ >> bernie madoff. >> big bird. >> big bird. >> glut tons of greed. one man has the gouts speak its name. >> it's me, big bird. >> i love big bird. >> somebody's cracking down on big bird. >> big yellow, a manness to our economy. >> he's going to bring the hammer down on sesame street. >> we just think it's time you flew the coop. >> that was a good debate. i liked the debate. >> new strategies, just call it liars. >> don't pay attention to that behind the curtain. >> romney, ryan, 2012. yay! >> well, democrats woke up this morning with their hair on fire thi
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
economy will slow oil demand growth and more oil put into the economy. nevertheless, nymex is up because they talk about as well this morning spiking higher anyway. and we've seen brent surprisingly up near 116, 15.60, as well. so the iranian exports hitting a new low in september may just be helping that spike up. >> iea says supply risk whether iran, iraq, are still a fact of life in the oil market. nevertheless it does see opec spare capacity more than doubling in the next five years. >> there's a difference between that five year forecast and the short term. so we'll talk about the oil markets. also plenty more to come on today's show, as well. >> we'll find out why howard mark says gold is not an intelligent investment. we'll also hear from the chief exec tip of infosys. find out why the investors didn't like the latest results. >>> plus we'll catch up with the world trade organization. and later in the show, we let a democrat and republican fight it out on our air over who won last neat's vice presidential debate. but it's a subjective view. >> can we get that the testimony thinks
's policies would hurt farmers. the governor talks about his five-point plan to fix the economy, something he says will help everyone from farmers to small businesses. >> i'll make sure our tax policies and our regulatory policies and healthcare, all these things come together to make it easier for small business to grow and thrive. america needs this new direction. we can't go on the path we've been on. we must restore america's strength and i will do it with your help. >> the obama campaign leveling a new attack at governor romney today over his plans to cut spending, specifically cut funding for pbs that would affect big bird. they have a new ad about it on today. >> bernie madoff, gut tons of greed and the evil genius to towered over him. one man has the guts to speak his name. >> big bird, big bird, big bird. >> it's me big bird. >> big yellow, a men as to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> reporter: the republican national committee coming out with its own response, this graphic advertisement that quotes the count from ses
the global economy is critical. europe is our largest export market, and it is in a slow decline that will go on for some time. china finds europe as their largest export market. we have an extraordinary relationship with china, with our exports. all of this is under challenge. the fundamental issue is to understand if we get rid of uncertainty, if we step up in a clear way and decide what we're going to do about our unemployment by using energy, by expanding tourism, by working hard to change our regulatory system, and if we face the fundamental realities, we can fix this. we only need one thing. we need leadership in the white house and congress. we need leadership in the business community. >> can this come significantly down? >> you asked if this is the new normal. >> that is the choice americans are going to make on election day. i think most americans would say no. the american spirit is alive and well. that will help us grow the economy. but you have to look at some fundamentals. for manufacturers it is more expensive than any other country in the world. that is after you take out the
get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- o
the government, we will close down the american economy and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligations and our ious, we will trigger a depression worse than the 1930s. anybody here remember the 19 1930s depression? you probably don't. i don't. i was not born, but i've read about it. it was a calamity for the world. tim geithner said to the president what, if we default on this, if we do not solve this problem, we will have an economic catastrophe that will make the 2008 financial crisis a footnote in the history books. anyone remember the 2008 financial crisis? that's coming not from some columnist or journalist, that is coming from well-informed secretary of the treasury. you think about this, there is a value in running scared. if you think about after 9/11, the terrorist attacks, one thing the country did collectively is they set up tsa, the screening at airports. there are all kinds of work, very significant work done to
the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ . melissa: david siegel founder and ceo of westgate resorts and he made headlines this week sending an e-mail to his employees, basically saying if president obama gets reelected he will have to fire them. if any new taxes are levied on me or my company as our current president plans, i will have no choice but to reduce the size of this company. this means fewer jobs less benefits and certainly less opportunity for everyone. david joins me now. it is great to have you on the show. you have gotten a lot of attention for this. do you regret sending the e-mail now, given all the attention it has gotten. >> i regret people saying i'm threadening anybody because i'm not threatening anyone. melissa: okay. >> i'm educating my employees. i'm educating them. i am telling them what will probably happen if the wrong person gets reelected. melissa: are yo
the inevitable ups and downs of incoming data, it appears the economy is growing at such a pace that absent policy action, progress, and reducing unemployment will likely be so for some time. in the meantime inflation is subdued, running at or below our long-run objective of 2%, while longer run inflation expectations remain well anchored. the federal funds rate were 3%, we would have in my view an open and shut case for lowering it. the complication, of course, is that the funds is at its lower bound which means we can't turn that dial further. we have to use unconventional tools such as land guidance about the future path of the funds rate. with respect to lsaps, my belief, this echos the views that chairman bernanke expressed at jackson hole, is that prior rounds of lsaps have placed a significant role in supporting activity and in preventing a worrisome undershoot of our inflation objective. the case is especially strong with respect to the first round of lsaps which was a very potent piece of policy action that helped to bring the economy back from the brink in 2009. however, we now fa
here in the hall tonight and from online have to do with the american economy and, in fact, with global economic conditions. i understand that you flipped a coin. and, senator obama, you will begin tonight. and we're going to have our first question from over here in section a from alan schaefer. alan? >> with the economy on the downturn and retired and older citizens and workers losing their incomes, what's the fastest, most positive solution to bail these people out of the economic ruin? >> well, alan, thank you very much for the question. i want to first, obviously, thank belmont university, tom, thank you, and to all of you who are participating tonight and those of you who sent e-mail questions in. i think everybody knows now we are in the worst financial crisis since the great depression. and a lot of you, i think, are worried about your jobs, your pensions, your retirement accounts, your ability to send your child or your grandchild to college. and i believe this is a final verdict on the failed economic policies of the last eight years, strongly promoted by president bush and su
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the so the weak growth we've had since then has been difficult for the unemployed. we have a lot of long-term unemployed, that's been a record -- in the past it's at record levels. and we've talked about the crisis of long-term unemployment. hopefully it will pick up soon. host: let's take some calls from our guest and we want to hear about your job suation. caller: good morning. host: pl
. in all three battleground states, voters by double digits believe the economy is getting better compared to the numbers back in july. >> and mark halperin, that may be the big takeaway from this poll. the race is getting much closer. nobody can predict what's going to happen. if you look at a big friend, thoug trend, you've got to look at a lot of americans in these swing states are looking at the economy saying things are getting better. >> it's clearly a huge factor and yet, obviously, the debate from denver is also a huge factor. i think, you know, we look a lot at the margin of error, and these numbers aren't shifting all that much. what's key is in a lot of the states the president is below 50. that's a danger sign for him. the economy is getting better. it all goes back to the electoral college. you play with the numbers, look at these polls, romney still has to win six or seven or maybe eight of the battleground states in order to take this. and right now he's not there. but he's in a better position clearly than he was a week ago. the economy getting better has caused romney to s
the pipeline will pose to over 200,000 people, and is also about the economy, reducing cost of energy we [indiscernible] all of the infrastructure of potential benefits. there is no benefit for the people of puerto rico. economically speaking. >> an east texas, activists protesting the construction of the keystone xl will pipeline are continuing their attempts to block tree clearing efforts for a third week amidst reported crackdowns on journalists. two reporters embedded with the activists were arrested and held overnight before charges against them were dropped. activists say transcanada, the company behind oil pipeline, is paying local police to provide security. two journalists from the new york times were held in handcuffs before being released. activists with the tar sands blockade say or attempting to protect the environment and local water supplies from toxic tar sands oil. a portland, oregon activist has been remanded into federal custody for refusing to testify before a grand jury about fellow activists in the pacific northwest. leah-lynn plant is the third activist in the regi
think algerians would focus on surviving in the informal economy, but algeria will effectively return to the it is status quo. it'll be this big, glaring absence in north africa. the largest country in africa disengages from the international community, solutions to the instability that dr. zoubir mentioned, solutions to the instability in sir car or northern -- syria or northern mali. what would make this all the more glaring is if our worst fears about libya were to come to pass. as i mentioned before, the libyan government is very much committed to the road map they've laid out, they're very committed to the political process, but i'd like to bring you back to the middle of 2011. at the time, gadhafi's head of external security defected. and when he defected, he warned that libya would become like somalia. and at the time i think most frames of references were to mogadishu, to a black hawk down moment. and, unfortunately, we have had a black hawk down moment in benghazi. but i think he's, you know, a are nuanced guy. and what i think he was referring to was a much broader frame of
country, and that is jobs in the economy. congressman murphy doesn't have a plan. yes not put a plan fourth to address these issues. you can look online and see exactly what i plan to do. they now have a track record of creating jobs and adding to the economy and they know i'm going to take that skill set to washington in a congress where we have so few business people who come from the private sector. blacks why can't the press come along and monitor this -- >> why can't the press, along and monitor this question are >> the press does come along. >> this campaign is about the people of the state of connecticut. i ran into a guy just a couple of weeks ago, and out of work painter and he wants to know the differences between linda and i between how we're going to put him back on the job. they're big differences. when the's plan is focused on giving herself a $7 million tax cut and hoping that trickles down to people who need help. my plan is focused on investing in the people of this state and funding our schools and building roads and bridges and we recognize the strength of our nati
know that he cares about women and he cares about making the economy good for women and he cares that these past four years have been the most difficult on women. more women have become unemployed than men in the last four years. you also know that more women have fallen into poverty in the last four years. i know that we need to have women out there understand at thatmitt is a person cares and will work harder than anyone, that will be there, and he will not fail. host: the question is whether political spouses affect your vote. kathy in fort worth, texas, republican line. caller: good morning. my name is actually jackie. i am a mother. i'm not wealthy or educated. i went to high school. i have three sons and two grandchildren. i think it's wonderful to hear their spouse talk about them. it makes me see a different perspective in their personal lives. so i think it's good. host: what is it in particular that you like hearing from the wives of the candidates? is it their personal stories? is it them talking about their families or their professional experiences? caller: i think i
for hundreds of jobs. i just got a job so i believe the economy is getting better. host: you start a job on monday? what kind of industry? caller: it will be in health care. host: what does that mean? caller: where they deliver medical supplies and you take them to the hospital for distribution and delivery. host: what kind of money we make now compared to what you made in the past? caller: is not a pay cut but it is safe -- it is not a big pay cut, but it is a pay cut. host: so it's full-time work? caller: yes. host: what are the benefits like? caller: decent. host: you start monday -- john, tallahassee, florida is up next, hello. caller: hello, how are you doing? host: fine, thank you. caller: when you take all the jobs overseas, we cannot go overseas and work. that means someone will be unemployed. i think we need to make a demand of the entire planet and work towards creating the supply. i also think they should focus more on helping the small businesses -- financing small businesses which is creating more jobs than big business. i also would like to say that there is a lot of repeti
cacacacacacaaac >> ceo jamie dimon spoke about the global economy and foreign relations today as part of their ceo speaker series. it is virtually assured that bond markets would project the rest out of congress could not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome.
the ayatollah sees. he sees his economy being crippled. the ayatollah sees 50% less exports of oil, he sees his economy going in a freefall, and he sees the world totally united in opposition to him getting a nuclear weapon. the president has met with netenyahu a dozen times. i was in -- just before he went to the un i was in a conference call with the president -- with him talking to netenyahu for well over an hour and stark relief of what was going on. this is a bunch of stuff -- >> what does that mean? >> biden: it means it is simply inaccurate. >> ryan: it is irish. >> biden: it is. the secretary of defense has made it -- you can't walk anything back. we will not allow the iranians to get a nuclear weapon. what netenyahu held up there was when they get to the point where they can enrich uranium enough to put it into a weapon. they don't have enough to put it into a weapon. iran is more isolated today than when we took office. sit totally's a littled -- [overlapping speakers] >> ryan: thank heavens we had these sanctions in place. it is in spite of their opposition --
start, i want to thank the mayor for your endorsement and support. thank you both for coming. economy. the whole race is about that. we held one of our first jobs fares here because we want to connect people with jobs. when you put a title on a bill in washington that says jobs bill, you have to read the bill. those bills in particular were rejected in a bipartisan manner, and that means democrats and republicans recognize that by taking for under $50 billion in taxes out of the private sector and giving it to washington to increase government spending, that is not the answer. the best answer is to come and put the money in the communities. i went down there today and he did not say, thank you for coming. please take this money and bring it back to washington. he said, go back to washington and tell them they need a reality check. we are tired of the overspending and the taxing and taking more money out of the economy. there are real challenges here. i used to live here. i worked and i lived over there. i understand. many businesses are hurting right now. regulatory tax uncertainty is
into an exchange about the economy. biden said look. igts in a bad shape because you, paul ryan voted for two wars that were put on a credit card then listed off a number of things then said quote i was there and voted against that. i said we can't afford that. wait a minute. joe biden voted both for auj saigs of the use of force resolution for afghanistan and plus voted for resolution to go to war against iraq. tonight on national tv said i voted against that. i said we can't afford that. but wait a minute. he voted in favor of that and both of these things i think are going to come back to haunt him. >> there is a point about libya. what he said about liba. through the state department and intelligence committee under the bus. i'll tell you where we're going see it again that, is at the presidential debate. and there is a lot of criticism of the president he's sort of late to the game in terms of identifying it as terrorism. and now, it turns out tonight as vice president a little bit of a problem with that. i think that is going to come back to haunt him. you talk about smirking and smiling. we
-you to a keen observer on washington politics and the economy, as well who as a great moderator. and thank you to our panelists. we really appreciate you all being here. i would also like to again thank our sponsors at bloomberg government, the roth political report -- and a reminder that if you enjoyed today, we do this for state of the industry conferences. a reminder -- in four weeks, election day will be held. a couple of days afterward, we will have a major event at the chamber, on the morning of november 8. we hope you will mark our -- mark your calendars and join us. thank you very much, and have a great day. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> both presidential candidates are in ohio, with rallies this afternoon. mitt romney is a kind of false -- is at the falls. the president fifth event at ohio state university will start shortly. meanwhile, a discussion of how the presidential race shapes up. >> we will be getting electoral scoreboard updates from a lot of publications. today, we feature "the
and the greatest peacetime expansion of our economy in the nation's history. by contrast, the decade checked by bush tax rates squandered our budget surpluses, produced net-jobs and culminated in the great recession. the lesson here is that the contrary -- is that contrary to supply ciders, the level of the top rate does not by itself dictate what happens to g.d.p. but a balanced budget aided by increased revenues just might restore confidence to investors and jump start our economy. for the third and final element of this tax reform model, we turn to investment income. it is time to reduce the sizable differential and the tax treatment of earned and unearned income. the reduction in the capital gains rate to 15% under president bush was a major contributor to the growth and wealth disparities we see today. the top 1% on average received 20% of incoming capital gains, 10 times as much as the rest of the country. capital gains makes up 60% of the income recorded by the forbes 400. the extremely low 50% rate in effect today is an allied air. it is the lowest rate on investment income since the
because it is when the middle class is growing that the economy grows and everybody does well. much as the focus on corporate america. >> i think the commission also. it is a privilege to be here and speak with americans. a good barometer here to see if this was a good time are a bad time in america's economy -- go to a kids' soccer game on saturday and turn any parent on the sideline and say how are you feeling about the economy and i bet you you will hear some fear in that parents voice. fear regarding the few investments that some of us have in the stock market. did we just take a major hit with those investments? fear about how will we afford to send our kids to college. a fear as small-business owners on how we will bar any made to increase inventory or hire more people. the barometer will be resoundingly that our economy is hurting and the federal government has not provided the sound oversight that we need and that we deserve and we need reform to that end. john mccain, thankfully, has been one representing reform could two years ago, john mccain was the one who pushed so har
the united states economy. the price and economic impact would be much greater if these occurred. we hope that this paper which is a departure from the focus of most papers on the consequences of a nuclear iran or a nuclear capable iran will trigger a new discussion and enable an expanded debate on the topic. i would like to introduce michael, the foreign policy director of the bpc, a former oil analyst to boot. he directed this effort and will review some of the key findings. he will introduce our very distinguished panel. mike. >> thank you, senator. thank you everyone for coming. as the senator said, the purpose of this report is really to trigger a debate. we are not suggesting that we have all of the answers, but we wanted to introduce a new dimension to the debate about iran about preventing a nuclear iran. we are not -- focusing on the economics, we are not suggesting the economic issues should drive united states policy one way or another. but it has definitely come up in the debate. it has been raised, certainly in terms of let us say about the impact on sanctions and military, s
this administration-- >> let me tell you what the itoll as, the ayatollah sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil. he sees the currency going into the tank. he sees the economy going in a free-fall, and he sees the world for the first time totally united in opposition to him getting a nuclear weapon. now with regard to bb he's been my friend for 39 years. the president has met with bb as much as he's spoken to anybody. just before he went to the u.n. i was in a conference call with the president-- with him talking to bb for well over an hour. and-- and-- in stark relieve, in detail of what was going on. this is a bunch of stuff. look, here's the deal-- >> what does that mean it's of a bunch of stuff. >> it's irish. >> it is. we irish call it malarkey. >> thanks for the translation. >> the irish call it malarkey. last thing, the secretary of defense has made it absolutely clear-- he didn't walk anything back. we will not allow the iranians to get a nuclear weapon. what bb held up there was when they get to the point where they can enrich urani
and they are talking about the many roadblocks as they see it to getting our economy back on track. dagen: peter barnes is in d.c. with a whole lot more. hey peter. peter: hey guys a football metaphor from the quarterback of the business roundtable this morning referring to the nfl lockout of professional referees that was resolved a couple of weeks ago, he joined the heads of the u.s. chamber of commerce, the national manufacturers association, and the national retail federation in calling on congress to reduce uncertainty in government policy to help create the confidence businesses large and small need to invest and hire. and with the clock running down, they urged congress and the white house to get moving on fixing the fiscal cliff. >> you really don't even have a tax code in the country today. this is for large business, medium sized business, mom and pop, the individual entrepreneur, what are the rules? i mean it is like we're playing with the replacement referees in the irs. peter: tom donahue of the u.s. chamber said nothing is going to happen until november 7th. first got to see who wins on n
on that. so whether it's on the economy, whether it's on leadership, he's now tied with the president. as far as leadership ability is concerned. so i think romney got everything out of that debate and more. >> he certainly did. and if you take a look at -- let me put the numbers back on the screen one more time. earlier this month before the debate, romney was behind the president, the president, 51%, romney, 43%. eight-point difference. now 49% for romney, 45% for obama, a four-point spread. that's a 12-point spread in only, what, three weeks, shall we say? and clearly the major development was his strong performs at that debate. >> you know, wolf, it just shows you that voters are still really weighing the pluses and minuses of these two candidates. what i really need to see, though, to make any judgment about how this is going to really affect the election or how it has affected voters is i need to look in the battleground states, don't you think? you need to look at the battleground state of ohio. you need to look at wisconsin. you need to look at iowa. you need to look at virgin
and john mccain was on the look -- hook for six words -- "the fundamentals of the economy are strong." then things calmed down on our side. you start to go deeper into september and things begin to unravel. sarah palin gives a bad interview to katie couric around this time. and last night four years ago was the first debate. the pressure could not have been higher. on top of that, senator mccain was doing this dance between washington and the campaign trail. he had gone to washington for the bailout package and said he would not go to the debate unless there was a bailout package. we did not even know of john mccain would show up on the night. so that september, mitt romney had a tough month, people ask me all the time with a point to happen? , if you's pretty early think. think. 18 days with sarah palin seemed like a lifetime to me. got two lifetimes, that's like 40 days. a lot can happen on the campaign trail between now and then. it's a very interesting time. let's roll back a little. let's talk about the early days. first, my story. how i got to the campaign. i will go back to se
campaign and white house were aware that they had a very ugly economy and the comments really do not get reelected under these types of economies. they have always come across as hungrier and more aggressive than the romney campaign. in almost every respect. they were ready for a fight from the get go. >> this is what makes the debate so puzzling. the campaign has been hungry. look at the advertising they have been running. really smart advertising. >> who is running the obama campaign? david axelrod? obama? who is running the romney campaign? is the family intervening? >> from the white house, david pluft was the campaign manager in 2008 when they were underdogs. now the senior adviser in the white house. he has the last word on most things in the campaign and in the white house. ji messina, the cam -- the campaign manager in chicago runs an organization carried on the run inside, romney, ceo. when people look back at that campaign, a big factor people will look at is how a this as a person could have created a campaign that has such fuzzy lines of accountability, a campaign management
-- >> let me tell you what the ayatollahs sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil, they see the currency going into the tank. he sees the economy going into a freeh fall and he sees the world for the first time, totally united in opposition to him getting a nuclear weapon. with regard to b.b., my friend for 49 years, the president's met with b.b. a dozen times. he has spoken to netanyahu as much as he's spoken to anybody -- i was in -- just before he went to the u.n., i was in a conference call with the president with him talking to b.b. for well over an hour. and stark relief and detail about what was going on. this is a bunch of stuff. look, here's the deal-- >> reporter: what does that mean, "a bunch of stuff"? >> he's irish. [laughter] >> we irish call it malarky. >> but last thing, the secretary of defense has made it absolutely -- you can't walk anything back. we will not allow the iranians to get a nuclear weapon. what b.b. held up there was when they get to the point where they can enrich uranium enough to put into a weapon. they don'
and foreign possibilitpolicy. tonight will be about the economy. an issue that the pundits say will likely decide this election. each campaign offers a vastly different approach to tackling the tough issues including how to lower the nation's 7.8% unemployment rate and how to rein in the national debt that tops $16 trillion. each nominee has 90 minutes to convince the voters that his to get is the best. from abcs moderator is marth news. >> good evening and welcome to the first and only vice- presidential debate of 2012. sponsored by the commission on presidential debates. i am honored to moderate this debate between two men who have dedicated much of their lives to public service. tonight's debate is divided between divided and domestic foreign-policy issues and i will move back and forth between foreign and domestic because that is what a president or vice-president will have to do. we will have nine different segments. i will ask both candidates to question and will each have two minutes to answer. i will encourage the discussion between the candidates with follow-up questions. bicorne
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